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Abbott Corporation splits its common stock 3 for 1, when the market value is $90 per share. Prior to the split, Abbott had 100,000 shares of $21 par value common stock isssued and outstanding. After...
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A major difference among corporations, proprietorships, and partnerships is that a corporation's income statement reports income tax expense
True or false?
I think it is false.
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Will a 10% stock dividend increase the number of shares outstanding and decrease the book value per share?
I think it is true..
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The Amy Corporation was incorporated on January 1, 2006. The company issued 5,000 shares of 5% $100 par value cumulative preferred stock and 200,000 shares of $10 par value common stock. On December...
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They are increased by a credit
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Abbott Corporation splits its common stock 3 for 1, when the market value is $90 per share. Prior to the split, Abbott had 100,000 shares of $21 par value common stock isssued and outstanding. After...
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I think both are increased by a debit.
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What are Common Stock Dividends Distributable increased by?
What are Income Taxes Payable increased by?
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The balance sheet for Werner Company shows the folllowing:
Common Stock, $5 par value, 30,000 issued... $150,000
Additional paid-in-capital in excess of par... $100,000
Retained Earnings......
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My answer is D, would someone be able to verify?
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What is the formula for computing total legal capital?
A Corporation's stockholders' equity at December 31 consists of the following:
Preferred stock, 8%, $50 par value, call price $55 per...
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Thank you so much for your help! It's nice to know that I knew most of the answers!
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I have to find the number of common shares issued, and the number of common shares outstanding. I think the number of common shares issued is 500,000. I need help calculating the number of shares...
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If a company issues 1,000 shares of $2 par value common stock for $8,000, then recording the journal would involve:
A. Paid-In Capital in Excess of Par Value will be credited for $8,000.
B....
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I believe the answers are:
True
True
True
But I'm not sure. Can someone verify for me?
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1. Dr. Cash 20000
Cr. Capital 20000
2. Dr. Equipment 7800
Cr. Accounts Payable 4800
Cr. Cash 3000
3. Dr. Cleaning Supplies
Cr. Accounts Payable
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Can someone let me know if these questions are true/false:
1. The par value of common stock is usually different from the market value of stock.
2. If a coporation was liquidated, preferred...
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I just have a few transactions that I want to make sure I have made the correct journal entries to:
1. Invested $20,000 cash in the business.
2. Purchased used truck for $7,800, paying $3,000...
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